By ROGER MOONEY
The latest ranking was released in December, moving the Florida-based charity up six notches from Forbes’ list in 2017.
“This ranking is a hat tip to our donors who have embraced our mission of providing educational opportunities to Florida’s most vulnerable students,” said Jillian Metz, vice president of development for Step Up For Students. “My gratitude is echoed by more than 100,000 students throughout the state who have been afforded the opportunity to fulfill their educational potential through a Step Up scholarship.”
This was the second time Step Up jumped in a national ranking of top charities. In November, it moved up 11 spots from 42 to 31 in the Chronicle of Philanthropy’s list of America’s Favorite Charities.
Forbes writer William P. Barrett, who covers nonprofits for the publication, compiled the rankings by evaluating financial-efficiency metrics during the fiscal year.
The Forbes ranking was based on the fiscal year ending June 30, 2018, during which Step Up had $708 million in total revenue.
Step Up’s ranking puts it among other well-known, national charities such as Goodwill Industries International (No. 14), American Cancer Society (No. 17) and the American Red Cross (No. 21). The United Way Worldwide is in the No. 1 slot.
The nonprofits that comprised the top 100 received $49 billion in contributions, according to Barrett. That accounted for 12 percent of the $410 billion received by the more than 1.4 million nonprofits in the United States.
In addition to these notable rankings, Step Up received recognition in 2018 for its financial accountability and transparency from two nonprofit watchdog groups: Charity Navigator and GuideStar. Charity Navigator awarded Step Up a four-star rating for the seventh consecutive year, a credit that only 4 percent of charities have earned by the nation’s top charity evaluator. Step Up has earned the Platinum Seal of Transparency with GuideStar, a public database that evaluates the mission and effectiveness of nonprofits.
Roger Mooney, marketing communications manager, can be reached at firstname.lastname@example.org